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Polestar Automotive Holding Uk Plc PSNY

POLESTAR AUTOMOTIVE HOLDING UK PLC (Polestar) is a Swedish-based electric vehicle manufacturer. Company's portfolio includes Polestar 1, Polestar 2, Polestar 3, Polestar 4 and Polestar 5. Polestar products are currently available on markets across Europe, North America, China and Asia Pacific. Polestar cars are currently manufactured in two facilities in China. Polestar produces electric cars to reduce gas emmisions and develop new technologies to further minimize the carbon footprint.


NDAQ:PSNY - Post by User

Comment by martinboyon Jul 02, 2024 12:46pm
20 Views
Post# 36114662

RE:They still have some cash to survive

RE:They still have some cash to surviveOnes the production is at full speed for Polestar 3 in South Carolina, things can change. Until then the cash is more than enough, especially with the announced cost savings (additional layoffs, which is unfortunate). Additionally, both ... Volvo (production facilities) and Geely (financially) has the full support for Polestar. It is just too promising with the new models to let them down at that stage. If they wanted, they would have dropped Polestar long ago. Just my 2 cents.
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